Ex-Peruvian President Alejandro Toledo to be jailed in Odebrecht bribe case

Toledo, who has earned economics degrees from Stanford University, has denied wrongdoing and has not been charged or convicted of any crimes.

On Friday, Peru asked American authorities for help in detaining and extraditing Toledo after learning he was in San Francisco and meant to go to Israel, where his wife holds dual-citizenship.

Odebrecht agreed to pay out $3.5 billion after bribing corrupt government officials in the U.S., Brazil and Switzerland through shell companies.

He said Toledo met the head of Odebrecht Peru, Jorge Barata, in a luxury hotel in Rio de Janeiro in 2004 and promised to help the firm win two highway contracts in exchange for $35 million.

Alejandro Toledo is alleged to have taken a Dollars $20 million bribe for awarding a lucrative contract to Odebrecht (La Mula).

Peruvian Judge Richard Concepcion on Thursday ordered the arrest [press release, in Spanish] of former president Alejandro Toledo for his alleged involvement with a bribery scandal involving the Brazilian construction company Odebrecht SA [official website].

If captured, Toledo will be detained for up to 18 months as prosecutors prepare charges against him.

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